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Friday,03 May 2024 at 08:08

UK and European stock markets opened in the green, rounding off a broadly negative week dominated by corporate earnings.

Hong Kong led gains in Asia as Wall Street rose overnight, ahead of key U.S. employment data.

Oil prices edged up in early trade on the prospect of OPEC+ continuing output cuts, but the crude benchmarks were headed for weekly losses on U.S. economic uncertainty and limited crude supply disruptions caused by the Israel-Hamas war.

Gold prices were poised for a second straight weekly decline, although bullion held steady on Friday as investors remained cautious ahead of the U.S. non-farm payrolls data that could provide cues on the Federal Reserve’s rate cut timeline.

In corporate news, Anglo American was sitting pretty at the top of the FTSE 100 following a Reuters report that Glencore is studying an approach for the miner after it rejected a £31bn proposal from BHP

At 08:30
FTSE 100 8,197 +0.30%
FTSE 250 20,066 +0.07%
DAX 17,926 +0.16%
At the close
Dow Jones 38,225 +0.85%
S&P 500 5,064 +0.91%
NASDAQ 15,840 +1.51%
Fixed Income
UK 10-YR YIELD 4.265
Exchange Rates
GBP/USD 1.254
GBP/EUR 1.168
Gold $2,299 (-0.15%)
Brent $83.99 +0.41%
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.

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